Forwarded from BlackBox (Security) Archiv
How Banks Make Online Banking Insecure Through Apps
1. App obligation
Online banking on the smartphone is generally not a good idea. The reason for this is not necessarily the banking apps, but the update policy of the smartphone manufacturers, the misleading advertising of the banks and the naive behavior of the customers. However, all this does not seem to bother the banks much. True to the motto:
"Digital first - Concerns second"
banking apps are made appealing to loyal customers and any risks are simply pushed aside. The fact is: with smartphone apps, banks have moved to a platform that they cannot control. Nevertheless, banking apps are promoted and security mechanisms such as two-factor authentication (2FA) are simply undermined by ill-considered decisions. In the end, online banking via app is not more secure, but exactly the opposite.
1st problem: Android update policy
Both software and hardware have weaknesses, some of which are so serious that attackers can take complete control of a system. It is therefore essential to import available (system) updates promptly in order to keep the risk for data and the digital identity as low as possible. That's the theory. In practice, the world looks very different again - especially in the Android world.
Most Android devices are usually only neglected by many manufacturers with regard to security updates, and at some point they are even completely violated. This inevitably creates a "vacuum" in the Android world that makes many or most devices vulnerable to critical security vulnerabilities. Such vulnerabilities enable attackers to gain control over the device, spy on the user or allow data to flow off unnoticed. Discovering a critical vulnerability would be enough to make millions of devices vulnerable in one fell swoop. Such serious vulnerabilities are not rare, but occur at regular intervals. In 2018 alone, 611 vulnerabilities were identified in Android - in 2017 even 842.
Full translated article:
https://telegra.ph/How-Banks-Make-Online-Banking-Insecure-Through-Apps-07-09
Source (🇩🇪):
https://www.kuketz-blog.de/wie-banken-online-banking-durch-apps-unsicher-machen/
#Kuketz #online #banking #smartphone #apps #insecure #vulnerabilities
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES
1. App obligation
Online banking on the smartphone is generally not a good idea. The reason for this is not necessarily the banking apps, but the update policy of the smartphone manufacturers, the misleading advertising of the banks and the naive behavior of the customers. However, all this does not seem to bother the banks much. True to the motto:
"Digital first - Concerns second"
banking apps are made appealing to loyal customers and any risks are simply pushed aside. The fact is: with smartphone apps, banks have moved to a platform that they cannot control. Nevertheless, banking apps are promoted and security mechanisms such as two-factor authentication (2FA) are simply undermined by ill-considered decisions. In the end, online banking via app is not more secure, but exactly the opposite.
1st problem: Android update policy
Both software and hardware have weaknesses, some of which are so serious that attackers can take complete control of a system. It is therefore essential to import available (system) updates promptly in order to keep the risk for data and the digital identity as low as possible. That's the theory. In practice, the world looks very different again - especially in the Android world.
Most Android devices are usually only neglected by many manufacturers with regard to security updates, and at some point they are even completely violated. This inevitably creates a "vacuum" in the Android world that makes many or most devices vulnerable to critical security vulnerabilities. Such vulnerabilities enable attackers to gain control over the device, spy on the user or allow data to flow off unnoticed. Discovering a critical vulnerability would be enough to make millions of devices vulnerable in one fell swoop. Such serious vulnerabilities are not rare, but occur at regular intervals. In 2018 alone, 611 vulnerabilities were identified in Android - in 2017 even 842.
Full translated article:
https://telegra.ph/How-Banks-Make-Online-Banking-Insecure-Through-Apps-07-09
Source (🇩🇪):
https://www.kuketz-blog.de/wie-banken-online-banking-durch-apps-unsicher-machen/
#Kuketz #online #banking #smartphone #apps #insecure #vulnerabilities
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES